As of close of business last night, Kraft Heinz Co’s stock clocked out at $35.13, down -0.43% from its previous closing price of $35.28. In other words, the price has decreased by -$0.15 from its previous closing price. On the day, 6028551 shares were traded.
Ratios:
To gain a deeper understanding of KHC’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 30.38 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 14.38. For the most recent quarter (mrq), Quick Ratio is recorded 0.54 and its Current Ratio is at 0.99. In the meantime, Its Debt-to-Equity ratio is 0.42 whereas as Long-Term Debt/Eq ratio is at 0.40.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Citigroup on February 01, 2024, initiated with a Buy rating and assigned the stock a target price of $43.
On December 11, 2023, Evercore ISI Upgraded its rating to Outperform which previously was In-line and also upped its target price recommendation from $40 to $42.
Bernstein Upgraded its Mkt Perform to Outperform on November 14, 2023, while the target price for the stock was maintained at $40.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Jan 02 when Patricio Miguel sold 131,500 shares for $38.02 per share. The transaction valued at 4,999,025 led to the insider holds 992,049 shares of the business.
La Lande Rashida sold 13,238 shares of KHC for $463,338 on Nov 24. The EVP, Global GC & CSCAO now owns 153,494 shares after completing the transaction at $35.00 per share. On Aug 17, another insider, Garlati Vince, who serves as the VP, Global Controller (PAO) of the company, sold 22,969 shares for $33.56 each. As a result, the insider received 770,948 and left with 74,832 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, KHC now has a Market Capitalization of 42.59B and an Enterprise Value of 61.22B. As of this moment, Kraft’s Price-to-Earnings (P/E) ratio for their current fiscal year is 15.18, and their Forward P/E ratio for the next fiscal year is 10.95. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.58. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.60 while its Price-to-Book (P/B) ratio in mrq is 0.86. Its current Enterprise Value per Revenue stands at 2.30 whereas that against EBITDA is 11.12.
Stock Price History:
Over the past 52 weeks, KHC has reached a high of $41.47, while it has fallen to a 52-week low of $30.68. The 50-Day Moving Average of the stock is 36.74, while the 200-Day Moving Average is calculated to be 35.29.
Shares Statistics:
It appears that KHC traded 8.53M shares on average per day over the past three months and 7.57M shares per day over the past ten days. A total of 1.22B shares are outstanding, with a floating share count of 1.21B. Insiders hold about 0.45% of the company’s shares, while institutions hold 79.14% stake in the company. Shares short for KHC as of Feb 15, 2024 were 20.64M with a Short Ratio of 2.42, compared to 26.68M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.70% and a Short% of Float of 2.33%.
Dividends & Splits
With its trailing 12-month dividend rate of 1.60, KHC has a forward annual dividend rate of 1.60. Against a Trailing Annual Dividend Yield of 4.54%, it implies a Forward Annual Dividend Yield of 4.56%. The stock’s 5-year Average Dividend Yield is 4.84.
Earnings Estimates
As of right now, 17 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.69 for the current quarter, with a high estimate of $0.72 and a low estimate of $0.67, while EPS last year was $0.68. The consensus estimate for the next quarter is $0.76, with high estimates of $0.78 and low estimates of $0.73.
Analysts are recommending an EPS of between $3.11 and $2.95 for the fiscal current year, implying an average EPS of $3.04. EPS for the following year is $3.2, with 18 analysts recommending between $3.32 and $3.05.
Revenue Estimates
In the current quarter, 13 analysts expect revenue to total $6.43B. It ranges from a high estimate of $6.46B to a low estimate of $6.38B. As of the current estimate, Kraft Heinz Co’s year-ago sales were $6.4B, an estimated increase of 0.40% from the year-ago figure. For the next quarter, 13 analysts are estimating revenue of $6.74B, a decrease of -1.00% less than the figure of $0.40% in the same quarter last year. There is a high estimate of $6.81B for the next quarter, whereas the lowest estimate is $6.69B.
A total of 16 analysts have provided revenue estimates for KHC’s current fiscal year. The highest revenue estimate was $26.99B, while the lowest revenue estimate was $26.53B, resulting in an average revenue estimate of $26.83B. In the same quarter a year ago, actual revenue was $26.64B, up 0.70% from the average estimate. Based on 16 analysts’ estimates, the company’s revenue will be $27.32B in the next fiscal year. The high estimate is $27.7B and the low estimate is $26.84B. The average revenue growth estimate for next year is up 1.80% from the average revenue estimate for this year.
